US EditionL&T Shares Hit Record After Saudi Aramco Order; Market Cap Crosses Rs 4 Lakh Crore
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L&T Shares Hit Record After Saudi Aramco Order; Market Cap Crosses Rs 4 Lakh Crore
Larsen & Toubro Ltd. shares hit a record high, pushing the market cap over Rs 4 lakh crore after it won a contract from Saudi Aramco.The company won contracts worth Rs 32,400 crore from Saudi Aramco for Phase II of the Jafurah unconventional gas development, according to a media report.L&T has not commented on the development.According to a Morgan Stanley Sept. 7 note, the award is for two packages.Gas processing plant along with main process un…
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